Private Foundation · FL · Private Independent Foundations
Modim Foundation Inc
Boca Raton, FL · EIN 874102478 · Website (ProPublica) ↗ · 990s on ProPublica ↗
Assets
$370K
Total Giving
$4.3M
Grants on File
3
Average Grant
$1.4M
Giving Radius
Where Modim Foundation Inc Has Given
Section I
How to Apply
Applicants must go through an interview, during which they must present a detailed description of the project or need for funding, including the following information: - Applicant information: full legal name, contact details, and proof of nonprofit status (if applicable). - Project proposal: a clear and concise summary of the project or purpose of the grant, including goals, expected outcomes, and timeline. - Budget: a detailed budget breakdown for the project, including any other sources of funding or support received. - Supporting materials: relevant documentation such as financial statements, letters of support, and any other materials that provide context or demonstrate the project's potential impact or to substantiate need. - Impact statement: a brief explanation of how the grant will benefit the intended recipients or community.
On Unsolicited Proposals yes
Restrictions
The foundation reserves the right to limit grants based on the following criteria: Geographical restrictions: Grants are typically awarded to projects based within the United States. Exceptions may be made for international projects demonstrating a significant charitable impact. Charitable fields: Priority is given to projects that fall within the foundation's focus areas, including education, healthcare, community development, social services, and assistance to those facing financial distress. Types of institutions: Grants are generally awarded to recognized nonprofit organizations. However, grants to individuals or for-profit entities may also be considered when a clear need is demonstrated and the project aligns closely with the foundation's charitable mission. Award limitations: The maximum grant amount typically does not exceed $100,000 per project. Additionally, the foundation does not provide multi-year funding commitments, endowments, or funding for political or lobbying.
Section IV
Recent Grants
| Recipient | Amount | Year |
|---|---|---|
| Boynton Beach, FL | $169K | 2022 |
| Boynton Beach, FL | $2.8M | 2023 |
| Boynton Beach, FL | $1.3M | 2024 |
3 grants total
Section VI
Filing History
Year-by-year financial summary from IRS 990-PF filings. Total assets and qualifying distributions show the foundation's growth and giving trajectory.
| Year | Total Assets | Qualifying Distributions | Total Revenue | Total Expenses |
|---|---|---|---|---|
| 2024 | $1.1M | $51K | $1.3M | $1.3M |
| 2023 | $1.1M | $94K | $1.1M | $2.8M |
| 2022 | $2.8M | $88K | $3 | $174K |
Section VII
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